A Bitcoin ETF Has Arrived In The United States

Following years of delay and debate, the SEC has finally greenlit a Bitcoin Exchange Traded Fund for the United States. On Tuesday morning, the ProShares Bitcoin Futures ETF should begin trading on the New York Stock Exchange (NYSE). Also, many expect the fund to give typical consumers and major institutions both compliant and convenient exposure to Bitcoin. The ProShares Bitcoin Strategy ETF ProShares announced its upcoming launch this morning in a press release, confirming rumors circulating since Friday. On October…

US Navy Engineer Caught Selling Submarine Secrets for Cryptocurrency

Jonathan Toebbe – a US Navy Nuclear Engineer – was caught leaking secrets about nuclear submarines to an undercover FBI agent. Interestingly, the engineer was selling these secrets in exchange for cryptocurrency. Selling Secrets for Crypto? Details of the recent charges were released by the Justice Department on Sunday. Furthermore, the authorities accuse Toebbe and his wife for violating the Atomic Energy Act. Simply put, this law covers the regulation and disposal of nuclear materials in the United States. After…

US Member of Parliament Proposes Safe Harbor Bill for Crypto Startups

Patrick McHenry– Republican House representative and ranking member of the House Financial Services Committee– continues fighting for the cryptocurrency industry. He recently presented a safe harbor bill designed to protect crypto-related startups from securities regulators.  The Clarity for Digital Tokens Act of 2021 McHenry’s bill was unveiled on Tuesday, before a committee hearing with SEC chairman Gary Genser. The proposed legislation seeks to “provide a safe harbor for transactions in certain tokens and other purposes.” It has been titled “The…

7 Crypto-Friendly States in The US

The world is replete with cases of governments frustrating crypto usage or adoption. Ask anyone about the most crypto-suppressive nations. The chances are that they'll mention China besides other planned economies. Moreover, the crypto stances of many western governments haven't been encouraging either. Countries like America haven't cracked down on digital assets. They've shown open skepticism for them. However, though they've shown support, it has always been half-hearted. It's driven more by their reluctant acceptance. Not by the enthusiasm arising…

Coinbase to Buy Crypto Worth $500 Million as Crypto Adoption Drive Heightens

Brian Armstrong, the co-founder, and CEO of Coinbase, made a stunning announcement recently. The platform intends to buy around $500 million worth of cryptos, according to a tweet.  The news follows a go-ahead by the platform's board, according to the CEO's tweet. Coinbase will make the purchases on its balance sheet to shore up its holdings. Part of a Bigger Plan The purchase is quite possibly the tip of the iceberg. According to the same tweet, Coinbase will commit 10%…

Cryptocurrency Taxes: Countries that Tax Crypto Traders

Digital currency trading is rapidly receiving significant attention from enthusiastic traders worldwide. Users regularly find unprecedented benefits that make cryptocurrency trading a practical investment strategy. A crypto trader dedicates their time to earn profits from alterations in the crypto market. Most work hard to learn trends within the markets to know the best time to buy or sell. Despite the risks underlying the art, some individuals take up crypto trading as a full-time job while others are part-time. The increased…

PayPal Opens Full Crypto Trading Service For U.S. Customers

With Bitcoin blasting through the $16,000 price level today for the first time since 2017, the cryptocurrency market could welcome more FOMO investors following's PayPal's latest announcement.  The American payment processing giant, PayPal, announced Thursday that it had ended the waitlist for its cryptocurrency trading service. In other words, the company will now allow U.S. customers to buy, sell, and HODL bitcoin and other cryptocurrencies directly on their PayPal accounts.  Recall that PayPal initially unveiled the new service last month…

Hackers demand for Monero after Seizing Donald Trump’s Campaign Website

Hackers briefly gained access to US President Donald Trump’s campaign website and posted a cryptocurrency scam campaign. As per reports from Forbes, the attack took place shortly before 4 PM Pacific time. The hackers most likely seized access to the backend of the website to gain control of the website. After gaining control, they posted a message on the about page beneath an FBI parody image claiming. ‘’this site has been seized’’. The world has had enough of the fake…

How the Race Between the US and China for the First CBDC May Impact You

The possibility of nations issuing digital versions of their domestic currencies seemed utopian only a few years ago. Today, we are witnessing central banks worldwide racing against time and each other to create and regulate digital currencies for national and international use. The two largest economies in the world, the US and China, are going head to head in almost every competition imaginable. The issuing of central bank digital currencies (CBDCs) does not make an exception. Lately, there have been plenty of tensions between…

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